Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 11% – Should You Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares were down 11% on Thursday . The company traded as low as $39.35 and last traded at $38.7470. 269,982 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 671,282 shares. The stock had previously closed at $43.52.

Analyst Ratings Changes

A number of analysts have recently commented on AOSL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Stifel Nicolaus raised their price target on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Lake Street Capital began coverage on Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They set a “buy” rating and a $58.00 price target on the stock. Needham & Company LLC initiated coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Alpha and Omega Semiconductor Trading Down 14.6%

The company has a 50 day simple moving average of $43.52 and a 200 day simple moving average of $29.82. The stock has a market capitalization of $1.11 billion, a PE ratio of -10.50 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The business had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Stephen Chunping Chang sold 14,884 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the sale, the chief executive officer owned 635,901 shares in the company, valued at approximately $21,919,507.47. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 26,517 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $30.57, for a total transaction of $810,624.69. Following the transaction, the chief financial officer owned 278,628 shares in the company, valued at approximately $8,517,657.96. This trade represents a 8.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 62,368 shares of company stock worth $2,092,671. 16.70% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in Alpha and Omega Semiconductor by 7.4% during the first quarter. Royal Bank of Canada now owns 11,939 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 820 shares during the period. AQR Capital Management LLC purchased a new position in Alpha and Omega Semiconductor in the first quarter worth $471,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Alpha and Omega Semiconductor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock valued at $352,000 after acquiring an additional 624 shares during the period. Strs Ohio acquired a new stake in Alpha and Omega Semiconductor in the first quarter valued at $70,000. Finally, Creative Planning purchased a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth $248,000. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.